News and Information from Bond Buyer

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Another round of inflows was reported from the Investment Company Institute — the 31st consecutive week — but they came in at $308 million for the week ending Oct. 6, the lowest since outflows in March.

The firm added Lynn Martin, president of Fixed Income & Data Services at Intercontinental Exchange, Inc., and Joe Geraci, partner at Old Orchard Capital and former Citi executive.

Bond insurer Ambac Assurance joined other creditors in saying without local government support, they may withdraw theirs for the Plan of Adjustment.

States so far have taken the lead in mileage-based user fee programs, which would now be taken up on the federal level for the first time.

A proposal from the Ohio Treasury would provide a new enhancement for state-purchased public university debt and offer a backstop for hospitals' VRDOs.

Some policymakers in the nation’s capital have urged the Federal Reserve banks of Boston and Dallas to consider people of color and women while selecting new presidents. Republicans led by Sen. Pat Toomey of Pennsylvania say the process should be left to the local bank boards.

Kroll Bond Rating Agency lifted its outlook to positive before Lee County sold bonds for the Southwest Florida International Airport.

The pandemic exposed weaknesses in the old ways of doing things, he said during a virtual Citizens Budget Commission awards presentation in New York.

The bill would have required cities, counties and the California Highway Patrol to post the amounts paid, broken down by individual settlement and judgment.

Modern economic growth in the U.S. is dependent on credit creation — which has perpetuated a cycle of suppressed yields and inflated asset prices. While credit creation has been accelerating away from GDP growth for the last 15 years with no signs of stopping, retirement investors are left in the intractable situation of watching the value of their savings erode. What can be done?

A fresh debate on the debt ceiling could come as soon as December, as Congress also faces deadlines on surface transportation and stopgap government funding.

Volatility in the U.S. Treasury market continues to pull on municipal bond valuations, despite little trading volume.

Three-quarters of the way through the year, municipal bond issuance has risen 3.1% compared to the same period in 2020. So far in 2021, volume totals $340.99 billion in 9,082 transactions compared to $330.71 billion in 8,577 deals in the first nine months of 2020.

BofA Securities led with $48.85 billion of deals, while Goldman Sachs jumped into the top five and Morgan Stanley moved up one spot from where it was at this point last year.

The Public Finance Authority issue for the Fargo-Moorhead Diversion Project sets the stage for the Corps of Engineers' future use of a P3 financing model.

The top municipal financial advisors saw $278.55 of business in 6,599 transactions in the first nine months of 2021, down slightly from the $284.08 billion in 6,350 deals the same period last year.

Another correctional facility avoids a private business use tax penalty.

The National Association of Bond Lawyers' new president intends to focus the group's efforts and provide support for infrastructure legislation in Washington.

Geoffrey Buswick and Todd Kanaster of S&P Global Ratings, talk with Chip Barnett about all things cryptocurrency. They look at why municipalities are getting into blockchain technology and crypto. What are the risks and rewards?